Montréal, Canada, November 10, 2022 – The Public Sector Pension Investment Board (PSP Investments) today published its annual Responsible Investment Report, which outlines how the organization seeks to integrate material environmental, social and governance (ESG) factors in its investment practices. Accompanying reporting also includes PSP Investments’ climate-related financial disclosures based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
“Given our long-term horizon, sustainability factors are inextricably linked to our ability to achieve our investment objectives,” said Deborah Orida, President and Chief Executive Officer, PSP Investments. “I look forward to working with colleagues across our organization to deepen and leverage our sustainability expertise to make the most well-informed investment decisions for the contributors and beneficiaries of the pension plans we support.”
The 2022 Responsible Investment Report features updates on PSP Investments’ inaugural Climate Strategy Roadmap, including key achievements and upcoming priorities. PSP Investments’ climate change approach continues to strengthen and evolve, seeking to become increasingly data-driven, linked to asset-level value creation and technology-enabled in our due-diligence and engagement workflows.
“As the world grapples with the lingering pandemic, increasing pressure from climate change and other disruptive forces that are intersecting critically with geopolitics and affecting society and the economy – we believe that considering material ESG risk factors and opportunities in our decision-making is more important than ever,” said Eduard van Gelderen, Senior Vice President and Chief Investment Officer at PSP Investments.
Among the significant milestones reached during fiscal year 2022:
A data-driven approach
Creating value through active ownership
“As a long-term investor, we believe that promoting sustainability adds value to our investments. We are working with our partners and portfolio companies to consider their environmental and social impacts in managing those investments,” said Herman Bril, Managing Director and Head of Responsible Investment at PSP Investments. “By actively embracing this opportunity, we believe we can support the achievement of our mandate.”
To read PSP Investments’ 2022 Responsible Investment and TCFD reports, visit our website here.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with $230.5 billion of net assets under management as of March 31, 2022. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.
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